DUBAI: Poor funding and lack of skilled staff remain serious challenges for global business IT security, according to a new survey by Accenture and HfS Research.

And insider data theft and malware attacks are the most significant threats, with 69 per cent of survey respondents saying they had suffered attempted or successful theft or corruption of data by insiders in the previous 12 months.

The survey, The State of Cybersecurity and Digital Trust 2016, polled 200 security executives and IT professionals in different countries and in different sectors.

Findings indicate that there are significant gaps between talent supply and demand, a disconnect between security teams and management expectations, and considerable disparity between budget needs and actual budget realities.

Safeguard critical data

“Our research paints a sobering picture. Security leaders believe threats are not going away, in fact they expect them to increase and hinder their ability to safeguard critical data and establish digital trust,” said Kelly Bissell, senior managing director, Accenture Security. “At the same time, while organisations want to invest in advanced cyber technologies, they simply don’t have enough budget to recruit or train skilled people to use that technology effectively.”

“While the gaps we identified can be overcome, they do collectively underscore the need for an inherently different approach, one that includes more robust risk management measures and the development of digital trust,” said Fred McClimans, research vice president, Digital Trust and Cybersecurity, HfS Research.